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AI brief of an SEC Form 8-K · Illumination Acquisition Corp. I (ILLU)

Illumination Acquisition Corp I closes $230 million IPO of 23 million units

Neutral Impact 3 of 5 financing Written later

On March 2, 2026, Illumination Acquisition Corp I, a blank check company, completed its initial public offering of 23,000,000 units at $10.00 per unit, for gross proceeds of $230,000,000, including the full exercise of the underwriters' over-allotment option. The company also sold 625,000 private placement units for $6,250,000 to its sponsor and BTIG, LLC. The IPO proceeds are held in a trust account and can be released only for a business combination or redemption of public shares; the company has not yet selected a target, so shareholders have no operating business yet.

Key points

  • 23,000,000 units sold at $10.00 each on March 2, 2026, including 3,000,000 over-allotment units, for $230,000,000 in gross proceeds
  • 625,000 private placement units sold at $10.00 each for $6,250,000 to the sponsor and BTIG, LLC
  • $230,000,000 placed in a trust account; the company has 24 months from the IPO closing to complete a business combination and has not selected a target

The filing

CompanyIllumination Acquisition Corp. I (ILLU)
Form8-K, current report
Filed with the SECMar 6, 2026, 4:30 PM ET
Accession number0001206774-26-000123

Items reported: 3.02 Unregistered Equity Sale8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 06, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.